(2013). Economic Logic. Fourth
Edition. Regnery Publishing
ISBN 9781621572220
Risk Taking – 150 words
Question
One of the reasons Joseph Schumpeter argued that capital was
doomed was because he predicted that big corporations would naturally shift
away from risk-taking entrepreneurship in favor of low-risk managerial strategies. Has this happened? Have major corporations been
unwilling to adapt to the times and met competition head on? Are corporate
executives better described as risk-average managers than entrepreneurs willing
to make a chance? Discuss.
